$ETH /USDT – Price Stabilizing with Moderate Upside Momentum

Ethereum is currently trading at $2,585.31 (+0.56%), showing a modest recovery within the broader Layer 1 landscape. The price has ranged between $2,511.77 and $2,649.31 over the last 24 hours, with trading volume reaching 650,933.30 ETH or approximately $1.68B USDT, signaling steady participation. Market depth shows resistance clustering around $2,619.85 to $2,657.98, while support is layered near $2,543.61 and $2,505.49. Short-term momentum from the 15m to 4h chart suggests consolidation, with potential for a breakout if ETH reclaims $2,649. Traders should watch the next support level at $2,467.36, recorded on 2025-05-16 04:00, as a critical marker for downside risk.